Jubilee CLO 2017-XVIII B.V.: 07 July 2017
The assets securing the Notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Alcentra Limited.
Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is either denominated in Euro or denominated in a Qualifying Currency other than Euro; it is not a lease; it is not a Structured Finance Security, a pre-funded letter of credit or a Synthetic Security; it is not a Zero Coupon Security; it is not a Project Finance Loan; it is not a Bridge Loan; is purchased at a price not less than 60 per cent of par.
The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which equals approximately €280mln (representing approximately 70.0% of the Target Par Amount).
The Notes (other than the Retention Notes) will be offered by the Issuer through Barclays Bank plc in its capacity as initial purchaser of the offering of such Notes.
CRR 405: The Retention Holder (the Investment Manager) will, for so long as any Class of Notes remains outstanding, covenant and undertake in respect of the EU Retention Requirements to subscribe for, hold and retain, on an ongoing basis for so long as any Class of Notes remains outstanding, not less than 5% of the outstanding nominal value of each Class of Notes within the meaning of paragraph 1(a) of Article 405 of the CRR.